BYD calls on China automakers to unite, ‘demolish the old’ in global push
(Reuters) – A patriotic call by China’s bestselling automaker to band the industry together and “demolish the old legends” of…
Futures subdued after turbulent session, eyes on inflation data
(Reuters) – U.S. stock index futures were subdued on Friday, with investors cautious ahead of the producer prices inflation data…
Country Garden restructuring fears deepen concerns about China property sector
(Reuters) – Fears that Chinese property giant Country Garden was preparing for a debt restructuring sent its securities to a…
San Francisco moves to center of robotaxi universe after California agency vote
(Reuters) – California just supercharged the self-driving car industry. Following a contentious state agency vote, Alphabet (NASDAQ:GOOGL) Inc’s Waymo and…
Siemens Gamesa has fix for onshore wind turbine problem
(Reuters) – Siemens Energy (ETR:ENR1n) has fixed quality issues at onshore wind turbines it is currently selling to customers, the…
Italy signs preliminary deal with KKR to take up to 20% of TIM’s grid
(Reuters) -The Italian government could end up with a stake of as much as 20% in Telecom Italia (BIT:TLIT)’s landline…
Private equity firm CVC bags $4.45 billion so far in sixth Asia-focused fund
(Reuters) – Europe-based private equity firm CVC Capital Partners has raised over $4.45 billion so far for its new Asia-focused…
China drugmakers axe IPO plans as they face scrutiny in anti-graft drive
(Reuters) – A growing number of healthcare companies in China are shelving their initial public offering (IPO) plans as its…
UBS ends state guarantee granted over Credit Suisse rescue
(Reuters) – UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid billions…
Australia stocks lower at close of trade; S&P/ASX 200 down 0.24%
Australia stocks were lower after the close on Friday, as losses in the Energy, Resources and IT sectors led shares…